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Posted by BoneZ (MD) on February 05, 2012 at 11:19 AM
  This message has been viewed 127 times.
     
In Reply To Selling a Z "by owner" question. Quick! posted by rojoloco (San Diego) on February 05, 2012 at 10:39 AM
     
Message Sold your Vehicle, Mobile Home or Vessel?

Protect Yourself!

Have you sold your motor vehicle, mobile home or vessel? Has the purchaser applied for a transfer of title into their name? If not, this can present legal issues for you, the seller. These problems can be avoided by filing a form HSMV 82050, Notice of Sale. Section 319. 22(2), Florida Statutes, provides that by filing this form, you can avoid any civil liability for the operation of the sold motor vehicle, vessel or mobile home. In addition to filing this form, we suggest you keep a copy of your bill of sale (we suggest it be notarized), certificate of title or other type of transaction document showing it was sold.

The form HSMV 82050, once completed, must be submitted to your local tax collector's office within 30 days from the sale of the motor vehicle, mobile home or vessel. To learn more about this process, please click on the following link to go to DMV Procedure TL-52.

Click on the following link to view or print form HSMV 82050. Please note you may fill out this form using your PC keyboard before you print it out for submittal.

PLEASE UNDERSTAND THE SUBMISSION OF THIS FORM TO A TAX COLLECTOR'S OFFICE WILL ALLOW THE TAX COLLECTOR OR LICENSE PLATE AGENCY TO UPDATE THE DMV DATABASE TO REFLECT THE TITLE RECORD AS "SOLD." THE OWNERSHIP STATUS, HOWEVER, WILL NOT CHANGE ON THE DMV DATABASE UNTIL THE PURCHASER APPLIES FOR AND IS ISSUED A CERTIFICATE OF TITLE. THE SELLER'S REGISTRATION INFORMATION ASSOCIATED WITH THE TITLE RECORD WILL BE REMOVED FROM THE DMV DATABASE. THEREBY, MAKING IT ILLEGAL FOR THE MOTOR VEHICLE TO BE OPERATED ON THE HIGHWAYS OF FLORIDA, UNTIL THE PURCHASER APPLIES FOR AND IS ISSUED A VALID REGISTRATION FOR THE MOTOR VEHICLE.

Notice of Transfer and Release of Liability

Protect Your Liability. Complete a Notice of Transfer and Release of Liability. The seller is responsible for reporting the change of ownership to DMV within 5 days from the date of sale. After DMV updates the information from the Notice of Transfer and Release of Liability, you will be cleared from future liability on the vehicle. The purchaser is responsible for reporting the change of ownership to DMV within 10 days from the date of purchase.

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